Retailers in SP will have a loss of $1.9 bn in the period of the restriction

FecomercioSP calculates that the migration of the State of São Paulo to the restriction rules of the red phase of the SP Plan will cause an average loss in the month of around R$ 11 billion ($1.9 bn). The figure, according to the entity, is similar to the measured impacts of the average monthly decline in April and May of last year. In the capital city alone, FecomercioSP estimates an average loss of R$ 6 billion ($1 bn) for the month being measured.

Source: Agencia Estado

Geru and Rebel make a merger of $175 mm for the personal credit market

Geru will represent around 65% of the total and Rebel, 35%. The company is born evaluated in R$ 1 billion ($175 mm) and with a project to multiply by 10 the credit origination, from an estimated total of R$ 900 million ($157 mm) this year to more than R$ 9 billion ($1.6 bn) in 2025. The brands, however, remain separate. But together, the companies want to reach a revenue of R$ 3.4 billion ($596 mm) by the end of 2025.

Source: Exame

Energisa Borborema plans to invest $3.1 bn in 2021

With 224,000 billed customers in its concession area, which covers six municipalities in the interior of Paraíba, Energisa Borborema plans to invest R$17.9 million ($3.1 mm) this year. The amount is in line with the annual average of the last five years, when the distributor that serves six municipalities in Paraíba invested R$ 80 million ($14 mm) between 2016 and 2020.

Source: Energia Hoje

Energy generated from waste grew in 2020

The generation of energy by biogas power plants from urban waste grew by 7.7% in 2020. reaching 110.2 MW average produced, according to CCEE. The process, which is carried out from the gas generated by the decomposition of organic matter in landfills, has advanced 162% in five years, which registers 18 plants in Brazil, six of them in Sao Paulo, where is the highest concentration.

Source: Folha

Photovoltaic solar energy exceeds 8 GW and brings $7.15 bn of investments to Brazil

Brazil has surpassed the historic mark of 8 gigawatts (GW) of operational power from the photovoltaic solar source, according to a survey by the Brazilian Photovoltaic Solar Energy Association (Absolar). The entity highlights that since 2012, the source has brought more than R$ 40 billion ($7.15 bn) in investments to the country and generated more than 240,000 accumulated jobs.

Source: UOL Economia

Loggi receives $205 mm funding and will open 7 warehouses in Brazil by 2021

Parcel delivery company Loggi has announced a new funding round of R$1.15 bn ($205 mm) to expand its area of operation and reduce delivery times, with companies in the sector racing to make a mark in a market that has exploded in pandemic. The round was led by CapSur Capital and also involved manager Luis Stuhlberger’s Verde fund; as well as existing investors such as Monashees, Softbank, GGV, Microsoft and Sunley House, Loggi said.

Source: 6 Minutos

Mercado Livre to invest $1.8 bn in Brazil in 2021

Mercado Livre announced on Monday that it will invest R$10 billion ($1.8 bn) in Brazil by 2021 to make its mark in its main market, seeing Latin America as the fastest growing e-commerce region in the world. The amount, equivalent to that invested by the company in the country over the past four years, was disclosed in the wake of explosive growth in operations in the fourth quarter and comes after announcements of rival billionaire investments, including from US-based Amazon in the country.

Source: Money Times

BNDES launches program to stimulate investments in the gas sector

BNDES launched a program that contemplates several financial solutions to stimulate investments in natural gas and biogas. The BNDES Gas Program is very comprehensive, but the idea is that the bank is not the only financing provider. The part focused on thermoelectric generation from natural gas includes financing to greenfield projects, with a minimum amount of R$ 40 million ($7.3 mm), participation of up to 80% of BNDES in the total, limited to 100% of the bankable items.

Source: Money Times